Commerzbank (ETR:CBK) received a €10.20 ($11.86) target price from stock analysts at UBS Group in a report issued on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target points to a potential upside of 17.05% from the stock’s previous close.
A number of other research firms have also recently commented on CBK. Credit Suisse Group set a €8.50 ($9.88) price target on Commerzbank and gave the stock a “sell” rating in a report on Tuesday, July 31st. Warburg Research set a €8.80 ($10.23) price target on Commerzbank and gave the stock a “neutral” rating in a report on Monday, July 30th. Deutsche Bank set a €10.00 ($11.63) price target on Commerzbank and gave the stock a “neutral” rating in a report on Tuesday, August 7th. equinet set a €13.00 ($15.12) price objective on Commerzbank and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, JPMorgan Chase & Co. set a €11.00 ($12.79) price objective on Commerzbank and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Commerzbank has an average rating of “Hold” and a consensus price target of €10.19 ($11.85).
ETR CBK opened at €8.71 ($10.13) on Thursday. Commerzbank has a 12 month low of €7.82 ($9.09) and a 12 month high of €13.82 ($16.07).
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through Private and Small-Business Customers; Corporate Clients; and Asset & Capital Recovery segments.
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